Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 3
I'm with everyone else, but I'll go a step further in finding a way to reduce fees.

Set up your Roth at Scottrade. Buy your Vanguard fund through them. This is a no fee IRA. As long as you hold the fund for more than 90 days you will incur no transaction fee. Plus if you become more adventurous you can buy individual stocks there as well. There are a wealth of fund families at Scottrade other than Vanguard.

http://www.scottrade.com

Don't let these people take your heard earned and harder saved money. They have no right to it. Those fees can eat up a huge chunk of your return. They come out if the fund does well or not. Higher fees do NOT equal a higher return.

Before you do anything I think you need to do more research for yourself. Your average CFP working at a finance company is there to sell you something not to help. Get the money into the IRA and park it in a money market until you have a better feel for exactly what you want to do. A lot of people reccomend reading Mutual Funds for Dummies. I'd also reccomend taking a look at the discussion boards on Morninstar.com. They know their stuff over there.

http://socialize.morningstar.com/newsocialize/asp/coverpage.asp?topnav=conversations

On TMF I'd suggest taking a look at the Retire Early Homepage board. They know their stuff there too.

http://boards.fool.com/Messages.asp?bid=112992

I suggest you take the time and do some reading. You can do just as good a job managing your finances as a "expert" can.

billyturtle
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.